MedAmerica Properties Inc. and certain of its newly formed subsidiaries described further below entered into 19 separate agreements and plans of merger with each of Broad Street Realty, LLC, Broad Street Ventures, LLC and each of BSV Avondale LLC, BSV Colonial Investor LLC, BSV Coral Hills Investors LLC, BSV Crestview Square LLC, BSV Cromwell Parent LLC, BSV Cypress Point Investors LLC, BSV Dekalb LLC, BSV Greenwood Investors LLC, BSV Highlandtown Investors LLC, BSV Hollinswood LLC, BSV Lamont Investors LLC, BSV Lamonticello Investors LLC, BSV LSP East Investors LLC, BSV Patrick Street Member LLC, BSV Premier Brookhill LLC, BSV Spotswood Investors LLC and BSV West Broad Investors LLC. The transactions contemplated by the Merger Agreements are referred to collectively as the Mergers. On December 27, 2019, effective immediately prior to the effective time of the Initial Mergers, Donald S. Denbo, Paul S. Dennis, Gary O. Marino and Bennet Marks resigned from the company's board of directors. Such resignations were made in accordance with the terms of the Merger Agreements and were not the result of any disagreement with the company. Effective immediately prior to the effective time of the Initial Mergers, the company's board of directors increased the size of the board by one from six directors to seven directors. In accordance with the terms of the Merger Agreements, BSR had the right to fill the five vacancies created as a result of the resignations and increase in the size of the board of directors described above. The board of directors, at the direction of BSR in accordance with the Merger Agreements, filled the vacancies by appointing Michael Z. Jacoby, Thomas M. Yockey, Jeffrey H. Foster, Daniel J.W. Neal and Samuel M. Spiritos with such appointments effective as of the effective time of the Initial Mergers. Joseph R. Bencivenga and Vineet P. Bedi will remain on the Company's board of directors. In addition, the board of directors has appointed Mr. Jacoby as chairman of the board. On December 27, 2019, effective immediately prior to the effective time of the Initial Mergers, Joseph R. Bencivenga resigned as the Company's chief executive officer, Robert Schellig resigned as the Company's senior vice president and general counsel and Patricia K. Sheridan resigned as the Company's chief financial officer. In accordance with the Merger Agreements, effective as of the effective time of the Initial Mergers, Michael Z. Jacoby was appointed as the Company's chief executive officer and Alexander Topchy was appointed as the Company's chief financial officer.